EUR/USD has slipped below the hourly uptrend that has helped support prices since it began to unfold on Tuesday morning. Commodities are losing a bit of their steam as well but global equity markets remain firm. It looks like a bit of backing and filling after an explosive rally overnight. Implied volatility, essentially the price of an option, is through the roof today, suggesting much greater than normal price swings, just like in the stock market. Uggh…
